Leader of IDC blockchain: Despite the steady growth of blockchain investment, it still lags behind other technology investments in the ICT field

Just like the spread of any emerging technology, certain regions are leading the way in blockchain adoption. Rado Dragov, Head of Blockchain at International Data Corporation (IDC), explained that there are many factors that can create favorable conditions for adoption, ranging from investment to talent, adding: "Besides these factors, blockchain investment is largely Affected by current and forthcoming regulations and the government's overall attitude towards this technology. In some cases, the lack of regulation can scare many investors. By adopting regulations that are conducive to business, Switzerland, Some European countries, such as Estonia and Malta, have become fertile ground for many blockchain startups. "He also said that despite the steady increase in blockchain investment, it still lags behind other technology investments in the information and communications technology (ICT) sector. "IDC previously predicted that blockchain spending in 2019 will be $ 2.7 billion, an 80% increase over 2018. Although the current growth rate is impressive, it still accounts for only a small portion of total ICT spending. In contrast, IDC expects ICT investment in new technologies (Internet of Things, AI, AR / VR, etc.) to reach US $ 961 billion in 2019. "